Review on FCoin by Alex Martakov
The FCoin exchange is based on a unique business model, in which for each…
The FCoin exchange is based on a unique business model, in which for each transaction the user receives compensation equivalent to the amount of Commission in the form of Their own fcoin-FT tokens. Thus, the exchange "mines" its tokens through commissions.
This model has already received a portion of criticism, because it can potentially encourage users to make fake transactions using bots to obtain tokens of the exchange. SEO Binance Chanpen Zhao also doubted the sustainability of this model in the long term.
Pros
- The exchange is innovative and unique in its organization, as it is not just a trading exchange, but a new community that is represented by the users of the platform. They have 3 unique features: It is the world's first fully transparent trading platform with real-time disclosure of assets and transaction data on the platform. The world's first platform that uses a model of "Trans-Fee Mining", and more than half of FT are rewarded to the users of the community, returning a Commission per transaction . In addition to the self-organizing ecology of the community, 80% of the proceeds from the exchange will be transferred to FT owners, and FT owners also have the right to participate in major community decisions. Commission Token holders are rewarded for a transaction on the exchange. The user receives 100% compensation equal to the total amount of fees paid on the exchange in the form of BTC or ETH.
Cons
- Small liquidity There are no main highlights in the project
